Balance Sheet

[dorac375]

I became the secretary in the middle of June without any guidance due to unfortunate circumstances. I posted to account receivables but had to make several reversals. At the end of June, the balance sheet and the bank statement did not agree. I know there could be a difference due to checks not being cleared. However, the balance sheet was $10,000 overage between the bank statement and the balance sheet. The bank statement was correct. I have looked at account activity and transactions, and I can't find what I have done wrong. Can anyone help me? I really don't know where to look. Thank you for any assistance.

[TimM]

Hi, I've been treasurer of my small church for a few years. Began under circumstances similar to your situation. Mostly self taught on PowerChurch. I actually JUST discovered this forum today. PowerChurch online (which we use) is down today for maintenance, so i can't go in and look at anything, but I do have a thought for you. This might be a REALLY dumb question, but did you reconcile your bank statement for the month? If you don't know how to do this, it's under "fund accounting", and then "reconcile bank/credit card statements", or something similar. I've never used accounts receivables myself - we're small and don't have anybody who pays us money for anything - just offerings from members. I would imagine it works similar to accounts payable, which I'm very familiar with. I've run into problems before with reversals where I may have reversed it within fund accounting, but not within accounts payable - like voiding a check. But I can't get in right now to look at anything, unfortunately. Anyway, if you haven't figured out the issue, I hope this might be some amount of help. Have a blessed day!